It's not just a chatty diversion. If you really want to educate yourself on trading, then copy trading is a revolutionary learning tool; previous generations of traders would have killed to have it. But if you think copy trading is an easy way to make passive income, then you've really got the wrong idea.
What is Copy Trading?
- Thread starter Suba
- Start date
A copy trader, the very first thing you will need to do is find yourself a forex broker who allows copy trading. Perhaps the best example of copy trading through a broker in the world comes from eToro. They are well recognized as a giant of both copy, and social trading. Even so, most top brokers can be connected with a copy trading service which will allow you to get into copy trading.
Copy trading is really helpful especially to new traders but one of the disadvantage is the new trader might not have that seriousness to learn how to trade by his self and before copying someone's trade you have to check his performance.i once followed someone and he blew my account I just have to quickly stop it to save the remaining money.
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Copy trading is all about copying a chosen expert trade to help you in your own trading.
Copy trading is mainly for the beginners so as to help them minimize loss and maximize their PROFIT.
But if your broke is fake or fraudulent then their is a high probability you will fail in copy trading.
Copy trading is mainly for the beginners so as to help them minimize loss and maximize their PROFIT.
But if your broke is fake or fraudulent then their is a high probability you will fail in copy trading.
I really enjoyed this wonderful experience and the knowledge shared about copy trading.
As the name goes it will allow you to copy from experts who have already gotten knowledge and experience about forex trading. When you open account with them you will copy every of their pattern.
As the name goes it will allow you to copy from experts who have already gotten knowledge and experience about forex trading. When you open account with them you will copy every of their pattern.
What I understood copy trading to be is a situation where a trader clone the work of expert trader. Where a certain percentage of the trade return will be credited to the person whose trade was copied. There are some app that offers such services
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Copy trading allows traders to copy trades executed by other investors in the financial markets. The goal of copy trading is for the trader to have the same positions as the investor they are copying.
Definitely dear Duplicate exchanging is a technique wherein speculators' exchange via naturally or physically replicating another financial specialist's exchanges. At the end of the day, Copy exchanging empowers brokers in the financial business sectors to naturally duplicate positions opened and oversaw by a chose speculator,
Copy trading connects a part of your portfolio with the portfolio of a trader of your choosing. Once you copy a trader, all of their opened trades are copied to your account. Furthermore, all of their actions in the future are automatically copied to your account, as well.
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Copy trading could work in theory, but it's not as simple as most people think. The brokers and the platform providers want you to believe that it's easy because they simply want to take your money. First of all, you need a platform where you can really copy the trades 1:1 without slippage and delays.
Copy trading is now trending around the globe. Copy trading is meant for people who want to trade forex but doesn't have the technicalities required to do it on their own. There are companies the render the service of given signals to individuals on daily basis at a certain price monthly.
One can actually take advantage of the innovation of currency copy trading to make money from the forex market even with out necessarily having the required expertise in foreign exchange.
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Copy trading is a good deal. The first time I heard about I really got excited. I believe it is really had great advantage to newbies in trading. With copy trading, you can kill two birds with a single stone- learning and earning.
Copy trading enables individuals in the financial markets to automatically copy positions opend and managed by another selected individuals .
Copy trading allows traders to copy trades executed by other investor in the financial markets.
Copy trading allows traders to copy trades executed by other investors in the financial markets. The goal of copy trading is for the trader to have the same positions as the investor they are copying.
Copy trading connects a part of your portfolio with the portfolio of a trader of your choosing. Once you copy a trader, all of their opened trades are copied to your account.
Copy trading connects a part of your portfolio with the portfolio of a trader of your choosing. Once you copy a trader, all of their opened trades are copied to your account.
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Concerning copy trading. Well, I believe this is an avenue for people who are interested in learning forex but dont know how to go about it, copy trading aallows you to copy an expert's trading options of your choice and place your money to yield profit. Recently, I saw an application that does this function and it is called octafx trading
The disadvantages is nothing less than high commissions from the expert traders. And also no refund of Loss if the expert trading loosed. So its a do or die affair in some sense. But more better than individual trading.
As for me , the disadvantage I think this type of trading will have is the risk of getting the newbie trader into debt ,because these top traders uses big amount of money for trading ,and thus the newbie may not have that amount if money for trading . Their losses are huge so is their profit
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- Thread starter
- #39
Copy trading depends less on the information provided by fellow traders, and more so on their behavior. This system allows one trader to copy another person's trading actions or positions. The user must copy the trader with the platform's automated system of choice for the process to be counted as an “official” copy trade. Perhaps the most significant risk of copy trading is choosing the wrong trader you are copying. There is a need to be "up and down", speaking up, finding reliable and experienced traders to emulate. You should also seek advice and feedback from other traders as well.
No dispute about the expert traders I.e they have experience and they already gotten there own trick or techniques of trading and to earn but does that means they don't have loss? If they do! I mean all expert no exclusion!!
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